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British Pound / U.S. Dollar
Long

GBPUSD Trading Plan

By Jay1906
Updated
The cable has been bullish for some months. I expect the bullishness to continue this week. Expecting bears to drive the price down to the area of equal lows at the 1.32800 institutional level. After taking out equal lows, I expect the market to reach the 4-hour order block at the 1.32500 level then look for further bullish confirmations on lower time frame at that level before entry. All that's left is patience. Patience makes a trader successful.
Comment
As anticipated earlier, Bears have cleared the equal lows at the 1.32800 level and price has bounced from the 4 hour order block. #softwork. Expecting a rise now. Let's see what happens next
Trade closed: stop reached
GBPUSD did follow our anticipated movement as expected but fell short of our target and shot down to our stop. Hopefully, we took some profits off before it shot down. On to the next trade.
Beyond Technical AnalysiscablelonggbpusdlonggbpusdtradesetupictorderblockictstudentTechnical IndicatorsTrend Analysis

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